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20120928
20121006
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. >> it is the government dependency sound bite that's gone viral in. 24 hours. listen to this. >> everybody in cleveland, no minority got obama for. >> obama phone. she's talking about a real government program that subsidizes cell phones for the poor. guess what? you might be paying for it. did you know that? i'll speak with a congressman about how he's trying to reign it in next. >>> then, think about a 75% tax rate. that could be a reality in france. the question is whether it could happen here. a mitt romney supporter gives us her take in a few minutes. >>> and he's the head of one of the richest sovereign wealth funds. he sits down with me for an exclusive in a few minutes. he owns a number of banks. find out where he's investing. back in a moment. tdd#: 1-800-340 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective
the transition of the government. one of the other big messages we picked up over there, particularly in i understondia, emerging market central banks, they're very concerned about what the traditional bank of england, fed, ecb are doing with monetary policy. the fed is now at the extreme. we've tied our monetary policy to unemployment rates. the concern is that's going to bleed into inflation in their markets. you have half the world, the developed market, saying reflation, reflation, reflation. at the same time, the eu markets want to grow, but they don't want that inflation. so they're at odds. that's why you hear brazil's government telling you there's somewhat of a currency war going on. so, look, there's always something. going on. i mean, it's been a very volatile year. the market is up 33% over the last 12 months. there's been plenty to do. our view is this volatility is creating opportunity. you've got to be global. you've got to be across multiple assets. you have to be coordinated in terms of your approach. we're finding a lot of different things to do across both our liquid bus
, in transportation. as you say, in defense and in general government programs but across the government we think there's opportunities. probably if you look at crop insurance or commodity payments in the agriculture, that can add up. smaller areas that's $1 billion. $1 billion here, $1 billion there, it adds up to money. we wanted a menu of thoughtful choices to reduce our deficit and avoid sequestration. >> go through it for us. because, you know, i guess if it were that easy, it would have been a lot simpler getting to the point where we're at. can you talk to us specifics about what you think should be cut? >> sure. that's what we wanted to do in this report. it's more than $100 billion in agriculture, more than $100 billion in energy, and as i said, in agriculture, commodity crop payments, reforming crop insurance. in energy, we'd like to eliminate the entire tight. 17 loan guarantee program which includes the loan guarantee, you know, the program that brought you solyndra. we'd like to eliminate subsidies that have gone to the oldest and most profitable energy sectors, from the intangible d
into the end. i do agree it's a very tepid number. you had strong growth partly driven by the government, where the labor markets were quite tepid. >> what else are we going to see, rick santelli? what's going to happen in the next week or so? a lot of people arguing the earnings situation, we're going to have negative growth in the third quarter. what do you see happening in october? >> well, i don't disagree with that. i think the next week in my own backyard, we have threes, tens, and 30s. columbus day, the bond market is closed. the biggest issue for this quarter we're in is how much europe gives us a head wind. i'm talking more about what we've been discussing for the last several days. that is europe is systemically important. capital relationships, banking balance sheets, subordinate relationships. i think all of that as they hiccup and the relationship between germany and exports in china is all going to give us a head wind. canada created 54,000 jobs today and they have one-tenth the size population. >> wow. doug, weigh in on the jobs numbers and what it means when it comes to investin
that really caused a relief rally in europe. if we see our government doing the same thing, having a very comprehensive response to the fiscal cliff, something like simpson-bowles, 4-plus, $5 trillion over a period of time, you'll see a huge rally. on the other hand, if we see this dragging out, if they have to have it delayed, it doesn't happen after the lame duck session, after the election, it drags on to february, drags on to march. we will have a recession in the first quarter. we'll have negative gdp in the first quarter. despite my bullishness out a year, we could have some real volatility. i would suggest if we have that real volatility, it's a great buying opportunity for everybody out there. but in my conversation with many of the men and women in washington, i'm trying to be as large of an alarmist as i can to make sure we focus on the fiscal cliff and we have a resolution as fast as possible. >> absolutely. and europe, have we seen the worst there? >> europe is a seven-year fix. we have a great plan that the ecb has created, but we also need politicians to agree on it. >> simi
Search Results 0 to 4 of about 5